Replies to post #109153 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

So we should get at least one satellite update before the Q1 report.

Hehe. Yeah, I blew up the photo 400% and I think it's pretty obvious we are looking at the reflection of sand.

I think Dan already mentioned at the CC that they needed the $36M loan for the third building. So they gave it the green light a couple of months ago. He also said they will only use the loan if the need it. But that part didn't add up entirely. Of course they need it.

I'm not sure I would call it progress since the third building was supposed to be ready a month ago. Guess they didn't have the money. Actually, I already suspected it. And all the delays you can think of are already priced into the stock, at these levels. LOL.

[RealDutch]

Let's look on the bright side. By the end of the year they will do 10,000MT, $100M in revenue, $30M profit, perhaps $15M free cash flow. With the profits from the other fish farms, they should be able to self-finance one building every 9-12 months. If they can get some pre-IPO money, they can ramp up faster.

If they tell the story like that, there's nothing to worry about. Worst case, we get some decent organic growth and no dilution. Fast growing companies do simply not trade a P/E of 1. Not even if they are Chinese on OTC. And I will prove it. Nor will a short dare to touch it.